Umm Al Quwain Free Trade Zone (UAQ FTZ) in collaboration with MCA GULF hosted a highly informative webinar on "Impact of UAE Corporate Tax on Free Zones" on 13th July 2023 .
With the UAE Corporate Tax law which took effect on June 1, 2023, the webinar aimed to shed light on the implications of corporate tax on free zone companies. The presentation covered various crucial aspects, such as tax rates, taxable and exempt income, transfer pricing, small business relief, and general anti-avoidance rules. Attendees gained valuable insights into the tax provisions, identified relevant areas with potential impacts, learned about applicable compliances and timelines, and received guidance on assessing and implementing corporate tax strategies.
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